Rebecca's business is selling fruits and vegetables. She has been in her business for three years. She is 56-years-old, and married with eight children. Rebecca wants to buy more fruits and vegetables to sell in the public market; that is why she is taking out this loan amounting to PHP 10,000 to buy a variety of fruits and vegetables such as bananas, ripe mangoes, beans, and so on. Through the loan, she hopes to improve her business as well as acquire improved income.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.